Trading of Lasseters’ shares has been voluntarily suspended on the Australian Stock Exchange at the company’s request.
The suspension was due to the uncertainty of funding from Lasseters International Holdings Limited, the Australian online sportsbook and casino operator’s parent company. The suspension will last for one month or until Lasseters and its parent company can come to an agreement.
Last week the company revealed a 49 percent decline in operating revenue from the previous year and said poor results continued to illustrate the 2006 Unlawful Internet Gambling Enforcement Act’s impact on the firm.